Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.

For example, there were a few recent duplexes for sale around $350K-399K, with 20% down, and the potential to get $1,200–$1,300/month in rents on both sides they would have the ability to cash flow.

I now have the building listed for sale but I will have 10x'ed my initial investment Lessons learned?

The title agent has now reahced out to their attorney who will reach out to the foreclosure attorney to get a payoff amount and approval for the sale, but this "could take up to 10 days."

My local municipality is changing ordinances to be far more restrictive, and I notice a number of houses up for sale that were STRs.  

Boward County (Fort Lauderdale) has 8 months' worth of inventory, almost 18,000 homes for sale. 

I'm uncertain how this will affect home sales - if people overextended themselves on a mortgage and lose their $400k to $500k salary, they may need to sell.

The sale of our home will provide us with approximately $150,000 to allocate toward investments.At this stage, we feel most comfortable focusing on long-term rentals.

Know all your numbers very well and I would suggest padding time on market and your sales price. 

To determine a realistic and justifiable ARV for this property with a 4,000 sq. ft. luxury home, I analyzed comparable sales close by in Jamestown, RI, focusing on price per square foot and property characteristics.Step 1: Identifying Comparable SalesI selected six high-end waterfront properties in Jamestown that share similar lot sizes, locations, and luxury build quality.